SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

The following tables show segment results for the three months ended March 31, 2019 and 2018:



	Three Months Ended March 31, 2019									Three Months Ended March 31, 2018
(Dollars in thousands)	WSFS Bank		Cash Connect^®		Wealth Management		Total			WSFS Bank		Cash Connect^®		Wealth Management			Total
Statements of Income
External customer revenues:
Interest income	$	96,946	$	—	$	2,631	$	99,577		$	65,290	$	—	$	2,323		$	67,613
Noninterest income	17,264		12,402		11,456		41,122			26,606		11,353		9,508			47,467
Total external customer revenues	114,210		12,402		14,087		140,699			91,896		11,353		11,831			115,080
Inter-segment revenues:
Interest income	3,792		—		4,005		7,797			2,968		—		2,363			5,331
Noninterest income	1,883		177		186		2,246			2,108		181		34			2,323
Total inter-segment revenues	5,675		177		4,191		10,043			5,076		181		2,397			7,654
Total revenue	119,885		12,579		18,278		150,742			96,972		11,534		14,228			122,734
External customer expenses:
Interest expense	15,136		—		1,127		16,263			9,503		—		396			9,899
Noninterest expenses	82,577		8,030		6,985		97,592			39,435		7,319		6,658			53,412
Provision for loan losses	7,286		—		368		7,654			3,661		—		(11		)	3,650
Total external customer expenses	104,999		8,030		8,480		121,509			52,599		7,319		7,043			66,961
Inter-segment expenses:
Interest expense	4,005		2,558		1,234		7,797			2,363		2,059		909			5,331
Noninterest expenses	363		545		1,338		2,246			215		672		1,436			2,323
Total inter-segment expenses	4,368		3,103		2,572		10,043			2,578		2,731		2,345			7,654
Total expenses	109,367		11,133		11,052		131,552			55,177		10,050		9,388			74,615
Income before taxes	$	10,518	$	1,446	$	7,226	$	19,190		$	41,795	$	1,484	$	4,840		$	48,119
Income tax provision							6,260										10,769
Consolidated net income							12,930										37,350
Net loss attributable to noncontrolling interest							(93		)								—
Net income attributable to WSFS							13,023										37,350

The following table shows significant components of segment net assets as of March 31, 2019 and December 31, 2018:



	March 31, 2019								December 31, 2018
(Dollars in thousands)	WSFS Bank		Cash Connect^®		Wealth Management		Total		WSFS Bank		Cash Connect^®		Wealth Management		Total
Statements of Financial Condition
Cash and cash equivalents	$	178,195	$	462,345	$	7,272	$	647,812	$	115,147	$	491,863	$	13,747	$	620,757
Goodwill	455,294		—		20,199		475,493		145,808		—		20,199		166,007
Other segment assets	10,831,733		6,469		222,910		11,061,112		6,225,820		7,743		228,543		6,462,106
Total segment assets	$	11,465,222	$	468,814	$	250,381	$	12,184,417	$	6,486,775	$	499,606	$	262,489	$	7,248,870
Capital expenditures	$	3,669	$	11	$	8	$	3,688	$	4,779	$	375	$	344	$	5,498